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Hi,

As long as the owner has met MOP of 5 years, she can purchase private property. There is no levy, but the timelines need to be managed carefully so that ABSD is not incurred (since she intends to sell HDB). Thanks and may I understand your requirements fully so to value-add to your housing plans further? Which condo is she considering? Thanks and hope to discuss further.

Warm regards
Ivan ERA
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Hi,

As long as she's met the 5 year MOP period, and sells before she buys; clearly managing the timeline, she will not be subjected to ABSD. In this sell-buy process, it is imperative to manage your timeline and ensure the complex financial cash calculations are computed comprehensively so as to ensure a smooth transition. Allow me to run you through the progressive payments for the purchase and sales proceeds amalgamation needed for the purchase as well as share on the legality involved and step by step procedures to adhere. At the same time, it will also be useful to gain some knowledge and understanding of the market which will be provided by myself in terms of ; a comprehensive sales report + price aalysis of unit and location + recent transaction caveats. If you look at the long term perspective, having an agent handle your portfolio only enhances the value and results in costs savings. If you would like to discuss further, do contact me and I'll be glad to share more insights non obligatorily.

D Kumar
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Hi, nope...as long as she is a citizen and by selling her HDB unit and then purchase a private condo, she does not need to pay any additional stamp duty. So probably she may like to consult a banker first on the loan eligibility. Pls feel free to let me know if you need any banker's contact or any other assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Dear sir/madam,

If the purchase is done after the sale of HDB, there is no additional stamp duty incurred should your mum is a Singapore Citizen. Only applicable stamp duty is 3% which is applicable for all property purchases. If she is a SPR, take note that there is additional buyer's stamp duty applicable is 5% on top of the 3% normal stamp duty. I will highly encourage your mum to seek the opinion of a banker to assess the financial profile before purchasing to eliminate any possibility of overcommitting in terms of the purchase.

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Geryl LIM
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Evening,

Once the OTP for the sales of HDB unit have being inked, ABSD will not be payable. This is provided that your mother is SC. If she is SPR, 5% ABSD will be payable. Do also note that MOP need to be fulfilled before sales of the HDB unit can take place.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Kindly contact me for a no obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to a property , or 2% for open listing .

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